tomj2417
Long

Natural Gas - ending diagonal in wave 5

FX:NGAS   Natural Gas (Henry Hub)
130 0 0
It may be a rare occurrence but an ending diagonal in wave 5 may be taking shape here in Natural Gas             according to this analysis. If that is the case then we can expect some more upside before a major retracement to follow.
Comment: Here is an alternative count I am keeping an eye on, namely that this is unfolding as a leading diagonal as wave 1 of wave 3. As ever price action will reveal all.
snapshot
Comment: Right on target.
The depth of the decline will hopefully tell me now if this is in fact an ending diagonal (unlikely) or perhaps a wave 1 and the start of a prolonger bull run in Natural Gas (possible).
Comment: Nice call....even if say so myself......
Comment: Watching this correction to see how it pans out now.....
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